Netflix (NASDAQ: NFLX) has had a challenging 2022 so far. The company reported a loss of 200,000 subscribers in its fiscal first quarter, and it expects to drop another 2 million in Q2. This exodus of subscribers comes as the company's stock price has declined. Netflix's shares are currently trading around the $180 mark, far below the peak of approximately $690 per share in late October 2021. Adding to the woes, Goldman Sachs has downgraded Netflix to sell , citing concerns about a potential recession.
Regardless, Netflix still has over 220 million subscribers, making it the biggest subscription video-on-demand (SVOD) service in the world. For other tech companies with deep enough pockets, this alone could make Netflix an attractive takeover target -- especially to those looking to move further into the subscription services arena.
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For further details see:
Why Netflix Might Make a Tempting Acquisition Target